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IEA: Carbon emissions of global electricity sector on track for slight dip in 2022

Business Green

Carbon emissions from the electricity sector are set to decline this year, as demand growth for electricity around the world slows and additions of renewable power generation edge fossil fuel generators off electricity grids around the world, according to the latest data from the International Energy Agency (IEA).

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Operational clean hydrogen production projects set to double globally within the next five years

Envirotec Magazine

Separately, data from Pitchbook reveals that, in 2022, private equity firms spent $3.1 The Netherlands comes in second with nearly 7GW; Ireland nearly 4GW; and China and Spain with 2GW each The recent growth in hydrogen projects follows significant efforts by governments across the world to promote the hydrogen industry.

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Brookfield Renewable, Plug Power partner on hydropower-fueled hydrogen plant

Renewable Energy World

The plant will be located along the Susquehanna River in south-central Pennsylvania, U.S., and is expected to be online by late 2022, with construction slated to begin by in the first quarter of 2022. Once operational, the plant is projected to produce about 15 metric-tons of liquid hydrogen per day.

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Volkswagen to turbocharge global EV push with €120bn investment

Business Green

Unveiling its full-year 2022 financial results, the German car giant said its operating profits rose to €2.6bn despite "challenging" economic conditions, with overall sales across its fossil fuel and EV portfolio rising from €68bn to €74bn. The update confirmed sales of the auto giant's fully electric vehicles rose 23.6

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The COP28 pledge to triple up by 2030 and implications for geothermal

ThinkGeoEnergy

Global installed renewable electricity generation capacity in the 1.5°C C Scenario, 2022 and 2030 (source: IRENA, “Tripling renewable power and doubling energy efficiency by 2030: Crucial steps towards 1.5°C”) This is the only way that ambition can become reality.

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Lignium Energy Transforms Problematic Manure into Climate-friendly Fuel

Greentown Labs

Burning biomass for energy is not new, and traditionally has its problems , but Lignium Energy’s unique, cost-competitive technology employs a simple technique that doesn’t involve hard chemicals and needs little electricity. The startup raised its pre-seed and ran a successful pilot in Chile, and moved to Houston in January 2022.

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GM and Honda team up on drive to develop 'affordable' electric vehicles

Business Green

Car giants General Motors (GM) and Honda are teaming up to jointly develop a series of affordable electric vehicles (EVs) using next-generation battery technology, with a view to kick-starting global production of millions of cars within five years, the firms announced yesterday. "GM — BYD (@BYDCompany) April 3, 2022.